Geneva, Switzerland | AFP | The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty. Unemployment around the world fell last year to 5.0 percent — from 5.1 percent in …
Read More »Decision on future of Corporate Taxation
In Paris this month, developing countries must understand what is at stake and speak up COMMENT | José Antonio Ocampo | Project Syndicate | At first glance, it appears to be a bureaucratic meeting like any other. But the discussions at the OECD in Paris at the end of this …
Read More »BOU: Lawyers of MMAKS Advocates quizzed on conflict of interest
Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac …
Read More »L. Albert oil project final investment decision now expected in June
Kampala, Uganda | THE INDEPENDENT | A Final Investment Decision (FID) for the Lake Albert Oil and Gas project is expected to be concluded by mid this year, according to Tullow Chief Executive Officer Paul Mcdade. The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil …
Read More »Benefits of African Economic Integration
With the right balance of audacity and pragmatism, regional integration could yield larger dividends COMMENT | Célestin Monga | When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown by a military coup in 1966, few of his fellow citizens shed …
Read More »Sheraton welcomes Marriott Bonvoy Loyalty Program
Kampala, Uganda | THE INDEPENDENT | Guests at Sheraton Kampala will from today have the opportunity to earn loyalty program points that allows them to stay in any Marriott affiliated hotel in the World. Marriott International today unveiled “Marriott Bonvoy”, the new brand name of its loyalty travel program that will replace the …
Read More »Delay in SGR Project good for Uganda, says economist
Kampala, Uganda | THE INDEPENDENT | Stanbic’s East African economist Jibran Qureishi has said the delays as Uganda bids to borrow from China to finance the Standard Gauge Railway (SGR) could be a blessing in disguise. Uganda needs about sh8 trillion to construct the SGR from Malaba to Kampala. The …
Read More »Commercial banks embrace agency banking for financial inclusion
Kampala, Uganda | THE INDEPENDENT | The banking sector has had a rapid expansion in Agency Banking hardly a year since Bank of Uganda issued Agency banking regulations. The sector according to Uganda Banker’s Association now has over two thousand agency banking agency compared to the existing three hundred bank …
Read More »Insurer’s minimum capital requirement goes up
The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …
Read More »2018/19 budget proposal
Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …
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